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The Property Podcast

TPP 324: Is buy-to-let dead?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 30 May 2019

⏱️ 26 minutes

🧾️ Download transcript

Summary

This week on The Property Podcast, buy-to-let is dead apparently. So will this be The Robs last ever podcast?! Firstly, before we get into today’s podcast episode, we want to say thank you for all the lovely and positive feedback we’ve received over the last couple of weeks in terms of Property Hub Mortgages. And on the back of that, Rob D would like to give a special shoutout to his mortgage broker, Amy at Keys Mortgages, who recently got him out of a sticky situation. She’s a prime example of what a good mortgage broker looks like, so give it a listen to find out just what Rob D had gotten himself into. Now onto this week’s episode, recently there’s been a lot of click bait headlines on the internet stating that buy-to-let is dead, but having nothing to back the statement up in the articles. But this week, Money Week brought out an article headlining; ‘the death of buy-to-let property’ and it actually had a bit of substance to it. So we thought that we needed to address it. And that’s exactly what we do in this episode. So, is buy-to-let really dead and is this goodbye? Tune in to find out... For this week’s Hub Extra we’re bringing you Freetrade. It’s an app that’s available on both Apple and Android and allows you to buy and sell stock shares for free. Usually investing in shares involves a hefty commission fee when you buy and sell which can wipe out any gains you make. So if you decide to have a dabble, let us know if you’re successful, but remember to be sensible with it, we’re not liable for your actions. In the news this week, not a news article, but a gentle reminder that the lettings and landlord fee ban comes into play at the end of the week! It’s already had an effect with some letting agents shutting down and some landlords saying that their fees have gone up to cover the loss. Someone got in touch and said that their fees have changed by a huge £500 per month! We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our brand new YouTube channel where we upload new content every week!If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hi, it's the Property Podcast, Rob B with Rob D, and you're listening to episode 324.

0:08.0

And Property Investment is dead.

0:11.0

It's over. According to the headlines, according to the click-baity titles

0:15.9

Property investment's dead. So will this be our last ever podcast? Listen on. property investors come together to be informed and inspired.

0:33.2

And let's be honest, inspiration is hard to find at the moment because there are so many articles

0:37.4

and YouTube videos around that are saying, Bightlet is dead.

0:41.1

Well, is it dead or is it just resting? We'll find out in this

0:44.3

episode and stick around to the end because in Hub Extra we've got a resource that

0:47.3

can cut your costs in another asset class as well.

0:50.6

So Rob new story at the week everyone's going to be in tears for letting agents because letting agents are loved by all landlords and they will no longer be able to charge fees.

1:01.0

Now, of course, we're not going to have many people actually sobbing

1:04.6

for letting agents here Rob but it will make a difference to the property market and

1:08.4

it's an interesting few months as this beds in. Yeah I'm not sure there's a

1:11.5

violin tiny enough for this one really, but it's worth remembering

1:14.4

that it doesn't just apply to letting agents, it does apply to landlords as well.

1:19.5

Landlords of course are losing a point of difference as a result because often if you're a tenant you go to a

1:24.2

letting agent they'll charge you a few hundred pounds in fees because they can.

1:28.0

Landlord might just charge you 50 quid if that to cover the referencing so

1:32.4

that was an advantage of dealing with their private landlord that's now gone away because no one's going to be able to charge any fees at all.

1:38.8

It's been talked about for such a long time. It's finally coming in in a few days time and it's going to be so

1:43.9

interesting to see what happens already anecdotally we've been hearing about

1:48.2

letting agents shutting down I've also heard from landlords who are having their

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